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20100901
20100930
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with relatively high real interest rates on the bond side that would be countries like brazil and canada and australia, and you look for countries not to own that have relatively low interest rates, and that would be japan and yes, perhaps the united states. >> so we shouldn't then have expectations that we're going to see real growth in the united states or are there policies or things to be done to get growth moving again? do we need more government stimulus, for example? >> well, i think we need continued government stimulus, but in a different form. i mean, up until this point, policies have been ad hoc. the recent policies in terms of cash for clunkers and extended benefits for unemployment, tax cuts is now on the table for small businesses. these are all ad hoc. what needs to be done in our opinion is a coordinated policy, much like is happening in china, and much as what has occurred in the 1930s with fdr. it needs to be directed towards a yes infrastructure, directed towards green energy, but certainly less ad hoc and more structurally-oriented as economists call it. >> bill, you
Search Results 0 to 1 of about 2 (some duplicates have been removed)